Coincident Indicator up 3.5% year-on-year in January 2016

The Central Bank's Coincident Indicator, an index of economic activity in Lebanon, reached 279.4 points in January 2016 compared to 302.3 in December 2015 and 269.9 in January 2015, reported Byblos Bank's Lebanon This Week.

The Coincident Indicator, an average of 8 weighted economic indicators, declined by 7.6% month-on-month and increased by 3.5% year-on-year in January 2016.

The indicator averaged 279.4 in the 12 months ending January 2016, compared to 278.6 in the 12 months ending December 2015 and 272.3 in the 12 months ending January 2015. As a result, the average coincident indicator increased by 0.3% month-on-month and by 2.6% year-on-year. In parallel, the indicator improved 11 times and regressed 12 times on a monthly basis in the month of January since 1994. It averaged 249.5 in 2010, 255.7 in 2011, 256.6 points in 2012, 264.7 points in 2013, 273.2 points in 2014 and 278.6 in 2015.